Hi DimTheLights,The Diddy house on fire story may just be a...

Hi DimTheLights,
The Diddy house on fire story may just be a viral conspiracy from a few days ago. I suppose this could be a good or bad thing, depending on your point of view.
As for the gold, I was of the opinion that the correction (back test, consolidation - whatever chartists want to call it) has already occurred, and gold’s historic run has already recommenced with the happenings over the last week or so. Added to this is that the Aussie dollar is also under a huge amount of pressure given China’s economic struggles, Trump’s potential impact on the US’s trade with China, and Australia’s over-reliance on that trade, coupled with very high rates of immigration needed to keep our economy from spiralling into recession.
For now, we (the gold bugs, if you are one) get to enjoy higher gold prices and lower Aussie dollar occurring at the same time. This is a rare set up because gold usually moves inverse to the USD but not so at this moment. The moves in the AUD price of gold are explosive and are likely to continue, imo, at least in the shorter run. Spartan, being unhedged, is perfectly placed to take advantage.
Of course, talk is cheap, and the truth is no one can know for sure. I manage my portfolio in a way that I can benefit if my beliefs come to pass, at the same time, I can handle any downside if the market goes against me.